Melly The Mug will bankrupt you all.

Thats very unfair ET. He has just given his opinions when asked. I say that as someone who bought into gold 3 months ago and no one talked me into it. You both have different economic views but that gives anyone who reads your debates a balanced view. Its a shame you two can not seem to agree on what time of the day it is because its good to read two different points of view and each of you make good cases for your side of any debate.

Luckily i sold back just over half of the gold i bought for the same price. Cant claim any foresight. I sold back all my american buffalos and austrian ducats for no other reason than i did not like the look of them!

In laymans terms what is happening with the gold price. Is it just a bear market or are there vested interests driving the price down.

If the big fall in price was engineered what were the reasons.

It isn't any great insight but in some respects it is the most profound answer that in laymans terms nobody actually knows. What happens in life is you have people like Melly who take a keen interest in something form a view and then invest so much intellectual capital in that view that they become blinkered. I don't argue that Melly may not be right. I wouldn't even argue that what he says isn't perfectly logical some of the time. The problem is he has a position and his arguments and rationale all stem from that and he is closed to anything resembling a counter argument.

Of course there are even bigger charlatans than Melly. They are the ones who take no position and then after the event will tell you that something happened because of.............

Both positions are intellectual vanity projects but at least Melly is honest. Don't forget though that he says he doesn't think gold will fall below $1000. That's still a long way down from here.

I stick to my personal view of diversification because you may be right intellectually and still lose your shirt in these most interesting times. One thing I do agree with Melly on is that if you aren't holding it you don't own it.

Sorry. In answer to your question we are in a bear market. What you probably want to know is how long will it last and as I say above nobody knows the answer to that or indeed your second question. Goldbugs are falling over themselves to tell you why this has happened. I must have read 10 different reasons why which is illustrative in itself.

First of all, let me say based on what you posted, it seems to me like you were buying gold for all the wrong reasons. Selling for all the wrong reasons as well. But to each his own, especially when it comes on how we use/spend our money.

Just to set you straight though, if you been following closely, we've never had "debates" on here or anywhere else for that matter, mainly because he is a clueless mug who repeats generalities, nonsense and soundbites he doesn't understand and I end up spanking him like a little girl. He is a psychopath to the core otherwise he wouldn't sniff my balls on here every day, chase me from forum to forum trying to get my attention, and certainly wouldn't post under at least three different aliases on here and what's worse continue to do that when other posters explicitly told him they find that "disturbing". The only thing he is reduced to doing now is to keep shouting "I love Thatcher" on the Politics forum and make himself look like an idiot in the process. If he has ever posted anything of value on this forum, someone needs to point it out to me because I certainly haven't come across it.

You think I'm making this up? Let's put it to the test, shall we?

In layman's language, let him answer your questions, let him explain how the gold market functions both here in London and in NY (and they are distinctly different) beyond the soundbites he hears on the telly, let him explain in detail how this take-down was orchestrated and why beyond the conspiracy theory superficial understanding readers digest version he reads on the web, and then perhaps we can get into a meaningful debate.

I'm not holding my breath and neither should you, although I fully expect chatlame to somehow show up with some kind of a snide one liner any minute now since it appears he put the Gnarley character he posts under back on ice. The "water is a commodity" blunder put that character out of commission.

I was typing that when he was posting.

This is what he posted.....

blah blah blah.....we're in a bear market.....(why? Who the f/k knows?)

blah blah blah.....no one knows the answer....(meaning I haven't come across the answer anywhere so I can't repeat it on here)

blah blah blah....goldbugs.....(whatever that is, it just sounds good and conspiratorial enough)

blah blah blah......"I'm clueless but I think I did a pretty good job hiding it in that least post, don't you agree?)

Did I miss anything?

If there is a "counter argument" out there, it sure as hell is not going to come from you, or chatlame, or Gnarley, or whatever else forum name you are posting under.

Repeating soundbites on here without a morsel of analysis of original thinking may work for you in the Politics forum but it had failed you miserably here.

The problem is .......what I stenciled on your mind prevents you from doing the logical thing. When in a hole, stop digging.

paddletoe

I'll leave you to draw your own conclusions suffice to say that the following comment from Melly reveals the flaw I was talking about:

let him explain in detail how this take-down was orchestrated

In Melly world he always knows the answers. Every time. Even when he is wrong. Of course when he is proven wrong then he has been the victim of some grand conspiracy to thwart him. He is Goldmember.

He writes under different aliases. I've stencilled on his mind. Forever. I am the all seeing Melly. Destroyer of women's underwear after I have worn it and on and on.

Keep shuffling your tired old deck of nonsense Melly. Who knows one day you might get an ace to come out. Not today though.

Start with the basics, prove that you are not repeating stuff you come across and you don't understand.

Explain why gold is in a bear market. Prove your statement.....or we'll all reach our own conclusions, although I suspect anyone who three functioning brain cells on here already has.






P.S. Should I do this in public or would you prefer I take you at the back of the shed first.

paddletoe

For now I'll leave you to ponder one question:

If the people and shadowy organisations at the top, who Melly thinks do all this shape shifting, are so cunning and powerful as to move mountains undetected why is it that Melly knows what they are doing?

They clearly can't be that good can they?

I'll give you another pointer before I pop off. It's about this time of our ritual where having been shown up Melly starts to unravel. The first sign is usually some kind of homosexual reference. It may involve spanking, butt plugs, fisting, bike sheds or any combination of them.

You keep talking to him but I don't think he is around.....but I am.

And I have your balls in a vice again.

Why is gold in a bear market? It's your statement, prove it. Otherwise, one should conclude that you lifted that from somewhere and you are repeating it on here without understanding it.

Why is gold in a bear market?




(The vice keeps turning tighter, don't pass out on me)

You don't get it do you Melly? There is no explanation. Only people like you selling their position or others trying to explain something afterwards. If it now bounces up 200 points you will be on here claiming further validation of whatever bullshiit rationale you have. Of course conveniently forgetting that on these very pages you have predicted further huge falls. You are a charlatan.

I don't need to explain why gold is in a bear market or indeed if it is. You do the maths and work it out. It is what it is. That's all you need to know. Trying to impose explanations on things is for those about to lose their shirt.

"There is no explanation"




Yup, I get it know, there's "no explanation", it's all just like magic.




Go back to where you read that and see if they explained why they thought gold was in a bear market. You still won't understand it, but at least you can cut and paste it on here to try to sound smart.



(Oh f/k, did you pass out?)

I'm sure it isn't magic. But then neither is telling everybody to buy gold either. How has that worked out for you Melly and how much has it fallen since the top Melly?

Go on Melly. You like numbers almost as much as explanations.

By the way it isn't that there may not be an explanation. It's just that the people who have the true explanation are in a club and you aren't in it. They call it a club because they beat dopes like you over the head with it as they take your money.

Two questions:

How much have you lost Melly?

Aren't those gold underpants heavy and uncomfortable?

To be fair you did ask nicely. So I've gone to the trouble of digging out your explanation. No need to thank me:

http://www.youtube.com/watch?v=gSq8ZBdSxNU

Thank you for the replies. If gold prices crashed through the floor it would not be the end of the world. Just another bet lost. And i lose bets every day.
It was not a bet i wanted to win anyway. Just surprised that gold could fall so quickly and so much. I had figured interest rates would need to go higher and confidence in the economy to start growing for gold prices to fall. And i would like both of those things to happen.

By the way Melanus i think ET give you a compliment about how intelligent you are but i think he is also right in that you do yourselve no favours by being so stubborn in your views sometimes. If your right your right but no one is right all the time.

Thank you for the replies

You don't have to thank me as I did not answer your questions. Our resident psychopath tried to (sort of) by stating that "gold is in a bear market" but obviously he regurgitated someone's opinion he read without being able to explain why when asked.

If gold prices crashed through the floor it would not be the end of the world. Just another bet lost. And i lose bets every day

Like I said in one of my earlier posts, you are buying gold for all the wrong reasons. There are a lot of ways to "bet" the market on a daily basis, gold shouldn't be one of them.

It was not a bet i wanted to win anyway. Just surprised that gold could fall so quickly and so much. I had figured interest rates would need to go higher and confidence in the economy to start growing for gold prices to fall. And i would like both of those things to happen


Gold was taken-down blatantly and with a heavy hand. The way the gold markets operate gold is fiat, nothing more. There are a number of excellent reports written by analysts that follow the gold markets that explain precisely the mechanics of the take-down and how it was executed. You should look them up. First though, since you are betting on gold, you should research and understand how gold trades here in London and on COMEX in NY. They are quite different. Don't bet on anything if you don't know the rules. Don't wait for our resident psychopath to put it up as I challenged him......he hasn't a clue.

And oh, BTW, interests are not going up. Anywhere. Period.

By the way Melanus i think ET give you a compliment about how intelligent you are

There's a name for that in psychology, it's called the Stockholm Syndrome.

but i think he is also right in that you do yourselve no favours by being so stubborn in your views sometimes. If your right your right but no one is right all the time.

Well, what can I say to that other than if someone disagrees with my views on here and wants me to consider "alternate views" they'll have to post a lot more than "there's no explanation", "I hope for the best and prepare for the worse" and "water is a commodity". And preferably do it all under one forum name, not three.

paddletoe

It was not a bet i wanted to win anyway.

Quite. You don't need to buy gold. Just buy a gun and then take Melly's gold if everything goes south. That is how stupid he is.

Wrong again, my little Pavlovian dog.

Stupid is sticking your neck out and regurgitating someone else's opinion you read somewhere that "gold is in a bear market" and getting caught when unable to explain why.

That's STUPID !!!

You are all fluff and no substance. And the poster was wrong, it is not disturbing to watch you show up with three aliases in debates on here, it's rather very simple......you are disturbed.







Oh BTW, gold is not in a bear market, far from it actually but since I doubt you even understand what even constitutes a bear market there's no point in explaining it to a stupid mug like you.

Besides, according to you...."there is no explanation"

So, Melanus,in your opinion what are the reasons gold is taking a bashing and who is behind it.

I would like to hear Melanus's opinion too.